Century Textiles falls 12% on demerger of cement biz into UltraTech Cement

Shares of Century Textiles have declined 12% to Rs 935 per share, also their 52-week low on the BSE in intra-day trade, after the company said its board approved demerger of cement biz into UltraTech Cement through a share-swap deal. shares of UltraTech Cement were trading 0.41% lower at Rs 3,843 per share after hitting high of Rs 4,021 per share on the BSE in early morning trade. On comparison, the S&P BSE Sensex was down 0.21% at 34,776 points.

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